The S&P TSX composite index screen at the TMX Market Centre in downtown Toronto is photographed on Friday, November 11, 2022. THE CANADIAN PRESS/ Tijana Martin
TORONTO – Canada’s main stock index posted a small loss Wednesday, weighed down by weakness in energy stocks as the price of oil fell below US$70 a barrel, while U.S. stock markets were also down after the Federal Reserve hiked interest rates again.
The S&P/TSX composite index was down 52.88 points at 20,354.68.
In New York, the Dow Jones industrial average was down 270.29 points at 33,414.24. The S&P 500 index was down 28.83 points at 4,090.75,while the Nasdaq composite was down 55.18 points at 12,025.33.
The Canadian dollar traded for 73.44 cents US,compared with 73.43 cents US on Tuesday.
The June crude contract was down US$3.06 at US$68.60 per barreland the June natural gas contract was down four cents at US$2.17 per mmBTU.
The June gold contract was up US$13.70 at US$2,037.00 an ounce and the July copper contract was down two cents at US$3.85 a pound.
This report by The Canadian Press was first published May 3, 2023.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)
